Coverage in Washington
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State Department rebukes Wendy Sherman after Trump Iran criticism
The former Obama Iran negotiator said Trump lacks a strategy; a department spokesperson answered that she has “no credibility” on Tehran
Core inflation rose to 3.2% in March as GDP missed forecasts
The Fed’s preferred inflation gauge accelerated while first-quarter growth came in at 2%, complicating the central bank’s next move after it held rates steady
Warsh’s Fed chair nomination advances to full Senate
The Senate Banking Committee backed President Trump’s pick on a 13-11 party-line vote, setting up a confirmation fight as Jerome Powell’s term as chair nears its end
Prosecutors say Trump dinner suspect took armed selfie before attack
A new detention memo says Cole Tomas Allen posed in his Washington Hilton room about 30 minutes before allegedly rushing a security checkpoint near the president
Warsh Signals Limits on Fed Independence in Swap-Line Questions
The Fed chair nominee told Senate Democrats that the central bank’s special deference is strongest in monetary policy, not necessarily in international finance
Trump warns Iran to make a deal as Pentagon puts war cost at $25 billion
The standoff over Iranian ports and the Strait of Hormuz is drawing sharper public threats from Washington and Tehran, while lawmakers press the Pentagon for answers on cost, duration and strategy